The master budget consists of various sub interrelated budgets. The goal is to deeply think of all areas affecting the business goals and develop a plan of action to meet those goals.
The master budget starts with projecting sales. After sales projections the following sub-budgets are created:

Production budget: computes how many units should be produced to meet the sales goals

Raw materials budget: computes how much raw materials should be purchased to produce the number of units calculated in the production budget

Get the module that teaches what you need to know about product cost.
If you an accounting student struggling to understand the concept of product costing, you will find these sets of templates useful.
There are 9 lessons and one test in this module. Topics covered are:

An introduction to product cost

An introduction to allocating overhead: ABC versus Traditional

Job order costing using the traditional method of allocating overhead

Job order costing using ABC to allocate overhead

Process costing using the traditional method of allocating overhead

Process costing using ABC to allocate overhead

How product cost flows through the financial statement (job order costing)

How product cost flows through the financial statement (process costing)